IndyMac Bancorp
Latest IndyMac Bancorp News
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Economy's funk isn't claiming a lot of companies, so far
harrowing lesson on how even big companies can, indeed, fail. The collapse of Lehman Brothers, Washington Mutual and IndyMac Bancorp were unnerving enough in 2008. But investors were able to mentally rationalize those wipeouts since banks and brokerages
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Who Is to Blame for the Financial Crisis?
JPMorgan Chase & Co. ($30 billion) - Accredited Home Lenders Inc./Lone Star Funds V ($29.0 billion) - IndyMac Bancorp , Inc. ($26.4 billion) - CitiFinancial / Citigroup Inc. ($26.3 billion) - EquiFirst Corp./Regions Financial
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Stocks of companies in bankruptcy trade for pennies
last year were Lehman Brothers, Washington Mutual, IndyMac Bancorp ., Downey Financial and Tribune. If you're interested on the Pink Sheets wamuq for about 4 cents apiece. IndyMac Bancorp idmcq was taken over the by the U.S. government
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CEOs Rake It In When Their Companies Tankyear while his company's stock dropped, on average, 4 percent a year. Another CEO on the list, Michael Perry of Indymac Bancorp , raked in $6.8 million while his company's stock plummeted 23 percent. But the best paid, worst performing
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Three private investors seek to purchase IndyMac
California-based thrift IndyMac, a high-risk mortgage lender that collapsed in July, is expected to be sold this week to a group of private investment firms. The Federal Deposit Insurance Corp.'s takeover was one of the largest rescues of a bank in U.S. history. IndyMac's failure culminated with
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Banking regulator Dochow out over backdating at IndyMac
The banking regulator in charge of overseeing two of this year's largest failed banks — Washington Mutual and IndyMac Bancorp — was removed from his job Monday. In what could be the first head to roll at a government regulatory agency from
News
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Georgia-based bank failure is nation's 10th this year
of bank failures has shot up this year amid continuing mortgage defaults. On July 11, California mortgage lender IndyMac Bancorp Inc., with $32 billion in assets, became the largest thrift to fail in U.S. history. According to FDIC data released
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FBI scrutinizes failure of IndyMac Bank
The FBI is investigating whether criminal wrongdoing contributed to the collapse of IndyMac, a large mortgage lender that failed Friday. FBI agents who specialize in white-collar crime have been investigating IndyMac for at least a month, said a Justice Department official who couldn't be named
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IndyMac's failure highlights need to do deposit checkup
The federal takeover of IndyMac, a California-based mortgage lender that had $32 billion in assets, has led a lot of folks to wonder whether their own bank will be the next victim of the credit crunch. That's not an unreasonable concern. The Federal Deposit Insurance Corp. has identified 90
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How bank failures happen and what they mean
Q: Why do banks fail? A: Banks fail, and are taken over by federal regulators, when they are in danger of running out of cash to meet their financial obligations. In IndyMac's case, customers withdrew an average of $100 million a day — or more than $1.3 billion overall — from the savings and loan
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Senator says his IndyMac letter wasn't a factor in bank's failure
Sen. Charles Schumer on Sunday defended himself against claims by regulators that he was partially to blame for a run on IndyMac that led to the bank's takeover by the government Friday. At a news conference Sunday, the New York Democrat deflected blame cast upon him by regulators for causing a run
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Regulators seize IndyMac Bank
billion and $8 billion. Pasadena, Calif.-based IndyMac Bancorp imb , the holding company for IndyMac Bank, has been a toll-free number for bank customers to call. IndyMac Bancorp Inc., the holding company for IndyMac Bank, has
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Countrywide to cut up to 12,000 jobs amid mortgage trouble
employed more than 61,000 people as of July 31, with about 34,000 working in loan production. Earlier Friday, IndyMac Bancorp announced plans to eliminate as many as 1,000 jobs, citing difficulties from the mortgage lending and housing market
